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Good Evening! Can you please show me how to solve for this problem? Financial statements of Nike, Inc. (NKE) for the years 2018 and 2017

Good Evening!

Can you please show me how to solve for this problem?

Financial statements of Nike, Inc. (NKE) for the years 2018 and 2017 are shown in the following exhibits:

Exhibit 1: Nike, Inc. Income Statement 31 December, 2018 (USD Million)

Revenues 4525

COGS 2123

SG&A Expense 950

EBITDA 1452

Depreciation Expense 320

EBIT 1132

Interest Expense 245

Pretax Income 887

Income Tax (40%) 355

Net Income 532

Exhibit 2: Nike, Inc. Balance Sheet for Fiscal Years Ending 31 December, 2018 and 2017 (USD Million)

2018 2017

Assets

Current Assets

Cash and Equivalents 430 376

Accounts Receivables 892 679

Inventories 911 790

Total Current Assets 2233 1845

Gross Fixed Assets 5130 4356

Accumulated Depreciation 1356 1036

Total Assets 6007 5165

Liabilities and Shareholder's Equity

Current Liabilities

Accounts Payable 679 489

Accrued taxes and expenses 198 132

Notes Payables 511 450

Total Current Liabilities 1388 1271

Long-term Debt 1689 1530

Common Stock 650 650

Retained Earnings 2280 1714

Liabilities and Shareholder's Equity 6007 5165

Estimate Nike's FCFF for 2018.

1) 147.20

2) 220.2

3) 250.0

4) 307.6

Thank you!

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